Page 32 - Latest Updates on Shaktikanta Das
Rupee rebounds 15 paise to 77.55 on weak dollar, expected RBI rate hike
At the interbank forex market, the domestic unit opened at 77.69 against the US dollar. It moved in a range of 77.51 to 77.69 during the session
 "Rupee rebounds 15 paise to 77.55 on weak dollar, expected RBI rate hike")
Expectation of rate hike in June 'a no-brainer', says RBI Governor
Shaktikanta Das further said in a TV interview that the RBI and govt have entered into another phase of coordinated action to cool down inflation
 "Expectation of rate hike in June 'a no-brainer', says RBI Governor")
Govt likely to stick to fiscal deficit target, says RBI Governor Das
Shaktikanta Das says RBI wants to raise rates in the next few MPC meetings, at least at the next one in June
 "Govt likely to stick to fiscal deficit target, says RBI Governor Das")
Don't expect a big jump in current account deficit: RBI Guv Shakikanta Das
The RBI governor said that inflation projection will be realistically given in next monetary policy committee meet due to take place in June
 "Don't expect a big jump in current account deficit: RBI Guv Shakikanta Das")
MPC members argued for front-loading rate hikes in view of inflation
External member Jayanth Varma said 100 bps rate hike required 'very soon'
 "MPC members argued for front-loading rate hikes in view of inflation")
Remain watchful of recent geo-political developments: RBI Governor to banks
Urges lenders to take appropriate measures, including raising of capital, to shield their balance sheet against any potential impact these events might have
 "Remain watchful of recent geo-political developments: RBI Governor to banks")
RBI opted for off-cycle rate hike to avoid tougher action in June: Das
The MPC 's external member Jayanth R Varma opined that more than 100 basis points of rate increases needs to be carried out very soon
Liquidity mop-up from secondary market resumes amid rising bond yields
According to latest data, the RBI has conducted open market operations in the last week of April and in the first week of May
 "Liquidity mop-up from secondary market resumes amid rising bond yields")
RBI should raise rates more to fulfil inflation mandate, regain credibility
Higher interest rates may complicate the financing of a record $200 billion government borrowing programme, bigger than even in the first year of the pandemic.
 "RBI should raise rates more to fulfil inflation mandate, regain credibility")
Impact of RBI's repo rate hike on borrowers, investors and the economy
RBI Governor Shaktikanta Das on Wednesday said that the Monetary Policy Committee has voted to increase repo rate by 40 basis points, to 4.40%. What will be its impact on the economy? Let's find out
 "Impact of RBI's repo rate hike on borrowers, investors and the economy")
RBI's unexpected repo rate hike surprises markets
The hike in repo rate by 40 basis points and a 50 bps hike in the CRR by the RBI took investors by surprise. With the RBI getting hawkish, here's what the road ahead looks like for the markets
RBI raises repo rate by 40 bps in surprise move; CRR increased by 50 bps
The 10-year government bond shot up 26 bps, with the street expecting another rate hike in the June policy
Retail inflation may have touched 7.4-7.5% in April, say economists
Consumer price index (CPI)-based inflation rate rose to 6.95 per cent in March 2022 from 6.07 per cent in the previous month
Course correction
RBI has been slow in withdrawing accommodation
 "Course correction")
Inflationary pressures likely to continue on geopolitical tensions: RBI
The adverse effects of the unprecedented high global food prices due to the ongoing geopolitical situation is reflecting in the domestic market as well
 "Inflationary pressures likely to continue on geopolitical tensions: RBI")
In a surprise move, RBI raises repo rate by 40 bps to 4.40 per cent
The RBI MPC voted unanimously to increase the benchmark rate, said Governor Shaktikanta Das
Sensex tanks 1,307pts on RBI's sudden 40bps rate hike; Nifty breaks 16,700
Meanwhile, the mega LIC IPO was off to a steady start, with policyholder and employee segment receiving strong response on Day 1 of the offer period.
 "Sensex tanks 1,307pts on RBI's sudden 40bps rate hike; Nifty breaks 16,700")
Quantum, timing of RBI rate hike has surprised the markets: Analysts
In the last policy meeting in April, the monetary policy committee (MPC) of the RBI had shifted its focus to tackle the rising inflation in India after the Russian invasion of Ukraine
 "Quantum, timing of RBI rate hike has surprised the markets: Analysts")
RBI Governor Shaktikanta Das to make unscheduled statement at 2 pm
The yield on 10-year benchmark bond spiked 9 bps to touch 7.2% after the news
Will the RBI's efforts to tame inflation, manage growth fail? UBS thinks so
While the RBI's monetary policy committee kept rates steady in its recent policy review in April, UBS expects the Indian central bank to hike rates starting June 2022
